FWONA vs. MSGS
FWONA (Formula One Group) and MSGS (Madison Square Garden Sports Corp.) are both stocks. Both are in the Communication Services sector — FWONA in Broadcasting, MSGS in Entertainment. Over the past 10 years, FWONA returned 16.56%/yr vs 16.08%/yr for MSGS. At a 0.37 correlation, their price movements are largely independent.
Performance
FWONA vs. MSGS - Performance Comparison
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Returns By Period
In the year-to-date period, FWONA achieves a -1.33% return, which is significantly lower than MSGS's 47.65% return. Both investments have delivered pretty close results over the past 10 years, with FWONA having a 16.56% annualized return and MSGS not far behind at 16.08%.
FWONA
- 1D
- -0.19%
- 1M
- 7.56%
- 6M
- 7.03%
- YTD
- -1.33%
- 1Y
- -4.69%
- 3Y*
- 11.45%
- 5Y*
- 16.29%
- 10Y*
- 16.56%
MSGS
- 1D
- -1.34%
- 1M
- -0.72%
- 6M
- 43.92%
- YTD
- 47.65%
- 1Y
- 85.50%
- 3Y*
- 25.69%
- 5Y*
- 18.25%
- 10Y*
- 16.08%
FWONA vs. MSGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FWONA Formula One Group | -1.33% | 6.35% | 44.95% | 13.34% | -9.96% | 56.20% | -13.23% | 47.31% | -9.17% | 4.37% |
MSGS Madison Square Garden Sports Corp. | 47.65% | 14.61% | 24.12% | -0.82% | 10.47% | -5.63% | 23.03% | 9.90% | 26.96% | 22.94% |
Correlation
The correlation between FWONA and MSGS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015 | 0.37 |
The correlation between FWONA and MSGS shifts across timeframes, from 0.25 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FWONA:
$22.10B
MSGS:
$9.19B
FWONA:
$4.99
MSGS:
-$0.07
FWONA:
3.12
MSGS:
8.55
FWONA:
$4.75B
MSGS:
$1.08B
FWONA:
$1.57B
MSGS:
$48.32M
FWONA:
$1.37B
MSGS:
-$41.02M
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Return for Risk
FWONA vs. MSGS — Risk / Return Rank
FWONA
MSGS
FWONA vs. MSGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Formula One Group (FWONA) and Madison Square Garden Sports Corp. (MSGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FWONA | MSGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -4.48 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.55 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 8.72 | -8.94 |
| Martin ratioReturn relative to average drawdown | -0.38 | 20.12 | -20.50 |
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Drawdowns
FWONA vs. MSGS - Drawdown Comparison
The maximum FWONA drawdown since its inception was -60.76%, which is greater than MSGS's maximum drawdown of -41.57%. Use the drawdown chart below to compare losses from any high point for FWONA and MSGS.
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Drawdown Indicators
| FWONA | MSGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.76% | -41.57% | -19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -24.99% | -10.08% | -14.91% |
Max Drawdown (3Y)Largest decline over 3 years | -25.71% | -25.54% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.71% | -31.96% | +6.25% |
Max Drawdown (10Y)Largest decline over 10 years | -60.76% | -41.57% | -19.19% |
Current DrawdownCurrent decline from peak | -11.22% | -5.24% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -14.12% | -10.50% | -3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.17% | 4.36% | +9.81% |
Volatility
FWONA vs. MSGS - Volatility Comparison
The current volatility for Formula One Group (FWONA) is 6.52%, while Madison Square Garden Sports Corp. (MSGS) has a volatility of 9.13%. This indicates that FWONA experiences smaller price fluctuations and is considered to be less risky than MSGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWONA | MSGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 9.13% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 18.23% | 23.86% | -5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.55% | 29.73% | -6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.01% | 25.58% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.47% | 31.51% | +0.96% |
Dividends
FWONA vs. MSGS - Dividend Comparison
Neither FWONA nor MSGS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FWONA Formula One Group | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MSGS Madison Square Garden Sports Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 3.82% | 0.00% | 36.97% |
Financials
FWONA vs. MSGS - Financials Comparison
This section allows you to compare key financial metrics between Formula One Group and Madison Square Garden Sports Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FWONA vs. MSGS - Profitability Comparison
FWONA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Formula One Group reported a gross profit of 298.00M and revenue of 711.00M. Therefore, the gross margin over that period was 41.9%.
MSGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Madison Square Garden Sports Corp. reported a gross profit of -121.61M and revenue of 432.20M. Therefore, the gross margin over that period was -28.1%.
FWONA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Formula One Group reported an operating income of 64.00M and revenue of 711.00M, resulting in an operating margin of 9.0%.
MSGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Madison Square Garden Sports Corp. reported an operating income of 1.96M and revenue of 432.20M, resulting in an operating margin of 0.5%.
FWONA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Formula One Group reported a net income of 57.00M and revenue of 711.00M, resulting in a net margin of 8.0%.
MSGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Madison Square Garden Sports Corp. reported a net income of 555.00K and revenue of 432.20M, resulting in a net margin of 0.1%.
Frequently Asked Questions
FWONA and MSGS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSGS has higher volatility (9.13%) compared to FWONA (6.52%). In terms of maximum drawdown, FWONA dropped -60.76% vs MSGS's -41.57%.
MSGS currently has the higher Sharpe Ratio (2.96 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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